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    Property profile & analytics

    510 Carrier Pkwy Grand Prairie, TX 75051

    • Super regional malls
    • 66,599 SF
    • 10.79 lot acres
    For Lease
    View listing
    $12 SF/Yr
    Value Estimations
    $2,120,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US82-4750000
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Shine Cleaners / (Bike/Boat/Book/etc) Store
    • Boost Mobile / Mobile Phone Store / Electronics & Wireless Store
    • Main Beauty Supply / Cosmetic Store
    • Crystal Nails / Nail Salon
    • Pro-Cuts / Hair Salon

    Property Details for 510 Carrier Pkwy

    Year built
    1985
    Construction
    TILT-UP CONCRETE
    Lot size
    10.79 lot acres
    Property size
    66,599 SF
    Zone code
    Z31
    Property type
    Super regional malls
    APN
    28053660010050000
    APU
    28053660010050000

    Description

    This exceptional retail opportunity in Grand Prairie, Texas, presents three available spaces totaling 5,581 square feet within a larger building situated on a generous 3.22-acre lot. The property is ideally located at 510, 514, and 550 South Carrier Parkway, zip code 75051. Each space offers flexibility, with a minimum divisible space of 900 square feet and a maximum contiguous space of 3,481 square feet. Currently, the entire 5,581 square feet is vacant, presenting a unique chance for a single tenant to occupy the entire building or for multiple tenants to establish themselves in this prime location. The property's classification as both commercial and restaurant-suitable indicates its versatility and potential for a wide range of businesses. The address is easily accessible and benefits from high visibility, making it an attractive proposition for businesses seeking strong foot traffic and brand exposure. This is an excellent opportunity to secure a prominent retail presence in a thriving Texas market. All 5,581 square feet are currently available for lease.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $1,500,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,738,000
      Market price range: $1.99M - $3.80M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $2,855,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Grand Prairie
    County
    Dallas
    State
    Texas
    Longitude
    -97.0166
    Latitude
    32.7398
    CBSA code
    19100
    CBSA name
    DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $160,395
    $3,879,400
    $3,093,410
    $6,972,810
    -
    $3,879,400
    $3,093,410
    $6,972,810

    Comparable in this City

    • Value Estimation
      $855,000
      16,273 SF

      950 Carrier Pkwy

      SHOPPING CENTER, STRIP CENTER • 16,273 SF
      950 Carrier Pkwy, Grand Prairie, TX 75051-1676
      View Details
    • Value Estimation
      $1,060,000
      43,040 SF

      817 Pioneer Pkwy

      SHOPPING CENTER, STRIP CENTER • 43,040 SF
      817 Pioneer Pkwy, Grand Prairie, TX 75051-4710
      View Details
    • Value Estimation
      $780,000
      15,900 SF

      724 Marshall Dr

      SHOPPING CENTER, STRIP CENTER • 15,900 SF
      724 Marshall Dr, Grand Prairie, TX 75051-4409
      View Details
    • Value Estimation by Request
      12,558 SF

      1806 Carrier Pkwy

      SHOPPING CENTER, STRIP CENTER • 12,558 SF
      1806 Carrier Pkwy, Grand Prairie, TX 75051-3763
      View Details
    • Value Estimation
      $640,000
      22,468 SF

      300 Clarice St

      SHOPPING CENTER, STRIP CENTER • 22,468 SF
      300 Clarice St, Grand Prairie, TX 75051-1847
      View Details
    • Value Estimation by Request
      15,300 SF

      301 Marshall Dr

      SHOPPING CENTER, STRIP CENTER • 15,300 SF
      301 Marshall Dr, Grand Prairie, TX 75051-4300
      View Details

    Similar Nearby for Sale

    • $1,200,000
      0.27 Acres

      Grand Prairie Retail with Drive-Thru

      Free-standing retail building with drive-thru, suitable for restaurant/fast-food.
      455 W Pioneer Pkwy, Grand Prairie, TX 75051
      View Details
    • $1,799,000
      0.41 Acres

      Grand Prairie Retail/Restaurant Opportunity

      Restaurant/Bar/Night Club opportunity near Arlington stadiums. Remodeled with ample parking.
      2601 W Jefferson St, Grand Prairie, TX 75051
      View Details
    • $1,000,000
      11,120 SF

      Grand Prairie Retail Opportunity

      Two adjacent properties suitable for offices, retail, or mixed-use.
      301 SE 14Th St, Grand Prairie, TX 75051
      View Details
    • $5,800,000
      20,000 SF

      Retail Site on 1.85 Acres

      20,000 SF retail site in a commercial corridor.
      1290 W Pioneer Pkwy, Grand Prairie, TX 75051
      View Details
    • Contact for pricing

      Walmart-Anchored Pad Sites in Grand Prairie

      Prime Retail Land: High Traffic Area
      1933 State Highway 161, Grand Prairie, TX 75051
      View Details
    • Contact for pricing
      3.22 Acres

      Grand Prairie Commercial Land

      3.22 Acres, Club 4 Fitness Anchored
      850 Conover Dr, Grand Prairie, TX 75051
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      675 SF

      Retail Space at 3rd & Marshall

      Retail strip center at the corner of 3rd and Marshall.
      301 W Marshall Dr, Grand Prairie, TX 75051
      View Details
    • Contact for pricing
      2,500 SF

      Retail Space Near High-Traffic Area

      Retail space available near Walmart and SH 161 corridor.
      1215 W Pioneer Pkwy, Grand Prairie, TX 75051
      View Details
    • Contact for pricing
      2,327 SF

      Retail Spaces Available in Grand Prairie

      Retail spaces available near Sprouts Farmers Market and dd’s Discounts.
      817 W Pioneer Pkwy, Grand Prairie, TX 75051
      View Details
    • Contact for pricing
      19,600 SF

      Grand Prairie Retail Center

      Brand new, prime retail spaces available.
      1600 Belt Line Rd, Grand Prairie, TX 75051
      View Details
    • $9 SF/Yr

      Grand Prairie Retail-Office Space Available

      Prime commercial spaces for lease in Grand Prairie's heart.
      301 Se 14Th St, Grand Prairie, TX 75051
      View Details
    • $9 SF/Yr
      17,511 SF

      Grand Prairie Retail/Office Space

      Prime commercial space with high visibility and foot traffic.
      301 14Th St SE, Grand Prairie, TX 75051
      View Details
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    510 Carrier Pkwy
    Grand Prairie, TX 75051
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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